Broadcom Inc. (NASDAQ:AVGO) is part of the Growth Stock Portfolio: 12 Stock Picks By Ken Fisher. Deutsche Bank raised its price target for AVGO to $430, citing impressive fiscal fourth-quarter growth. However, an increase in lower-margin custom AI chip sales led to a stock drop of over 11%. The company warned of decreased profitability due to this trend. AVGO stock has risen over 46.72% this year. New custom AI chip announcements and an $11 billion order from Anthropic were significant highlights. AVGO is a leading semiconductor company expanding into infrastructure software. Melius Research’s Ben Reitzes believes panic over AI spending is premature. Consider other AI stocks for potential upside.

Read more at Yahoo Finance: Deutsche Bank Is Bullish On Broadcom Inc. (AVGO)